Supply Chain Research

Automotive shipping firm NYK is investing in 12 new LNG-fuelled ferries for delivery from 2025 to 2028. That follows the launch of new International Maritime Organization rules. The move repeats a pattern seen from the container lines while NYK’s competitor, Hoegh Autoliners, is preparing to invest in “ammonia fuel ready” ships. The incremental impact of the greening of car carriers may be small with U.S. imports of cars, trucks and heavy machinery accounting for just 2.1% of total U.S. seaborne imports. NYK and its peers may also face pressure from electric vehicle makers seeking to red...